EchoStar President, Technology & COO Disposes 21,875 Shares for Tax Obligations
EchoStar CORP
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Filing Summary
EchoStar CORP ($ECHO) Form 4 Filing Update
Insider: John Swieringa Title: President, Technology & COO Transaction Date: 2026-10-01 Transaction Type: Tax Withholding (Code F) Shares Transacted: 21,875 @ $88.25 Total Value: $1,930,468.75 Post-Transaction Direct Ownership: 231,660 shares
Note: Disposition represents shares withheld to satisfy tax liabilities associated with the vesting of RSUs.
Comprehensive Analysis
Executive Summary
On October 1, 2026, John Swieringa, President of Technology and Chief Operating Officer of EchoStar CORP ($ECHO), disposed of 21,875 shares of Class A Common Stock at a price of $88.25 per share, representing a total value of $1,930,468.75.
Transaction Nature & Significance
- Transaction Code F: The disposition was executed under transaction code 'F', signifying that the shares were withheld by the issuer to cover statutory tax obligations arising from the vesting of restricted stock units (RSUs).
- Significance: Low. This is an automatic or non-discretionary transaction typical for equity compensation settlement rather than an open-market insider sale indicative of management sentiment.
Ownership Structure Post-Transaction
- Direct Ownership: 231,660 shares (including shares acquired under the Company's Employee Stock Purchase Plan).
- Indirect Ownership: 845 shares held via a 401(k) plan.
- Overall Impact: Mr. Swieringa retains a substantial equity stake in the company following this routine tax withholding.
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